Buy ComfortDelgro for return to normalcy?

1. ComfortDelgro has lost 36% in value YTD, from $2.36 share price to $1.50.

In market cap terms, CDG went from $5.1 billion to $3.3 billion.

So, it has lost nearly $2 billion in market value, reflecting the fact that people have cut back on rides in taxis, buses and trains.



2. CDG has operations not just in SG but also UK and Australia. All have stay-at-home situations. These are not forever. The streets that are now empty will not stay empty.
It's too much to expect complete normalcy anytime soon but people will travel more freely.

3. As taxi & public transport picks up pace again, CDG's revenue will recover, its taxi rental rebates will end. And these developments will be reflected in the stock. Investor psychology can turn fast. Just my 2 cents.

Comfort DelGro is proceeding with 5.29 cent final dividend.

Maybank re-initiated coverage of ComfortDelgro with $1.99 target price.

To date 2 recommendations :

1. Maybank Kim Eng on 18 May. Buy recommendation. Target $1.99
2. Uob KayHian today. Buy recommendation. Target $1.82

For info only. Vested

ComfortDelGro: General Announcement :: COVID-19 Business Updates

good news: New substantial shareholder Pyrford International emerges at ComfortDelGro

www.theedgesingapore.com/news/company-ne...merges-comfortdelgro

Pyrford specializes in global asset management. Since being established in 1987, our goal has been to provide consistent long-term returns and highly personal service to clients around the globe, including institutional and high-net-worth investors.